Ponzi and pyramid schemes are both forms of financial fraud that share many characteristics. However, there are distinct differences in how they operate.

India's Ponzi problem has quietly turned into a full-fledged industry, and a large part of the factory now runs offshore while the casualties sit in Indian living rooms.

Scammers want you to believe they're offering you a legitimate money-making opportunity. Seniors are seen as prime targets due to the potential that they have money saved for retirement. If an ...